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Well Est. & Profitable Live Music Entertainment For Sale

Miami-Dade County, Florida, US
Asking Price:
$349,000 Furniture / Fixtures included
Sales Revenue:
$331,100
Cash Flow:
$131,191

You do not have to be a musician to run this business!!!

This is a Very Well Established Live Music Entertainment Company. It owns 2 major music Bands which it books for all events requiring live music entertainment such as Weddings, Corporate Events, Galas, Shows, Etc.

The Bands are flexible (6-12 members) in terms of how many band members will perform at each event giving this company maximum flexibility to adjust to the customer's needs. The Company and the Bands have been around for such a long time that 50% of the business is Referral business because people love the Musical Experience of the performances.

The other 50% comes from Internet searches, etc. Additionally, 20% of the business is repeat business while 80% is new business. The Company has a profit margin of approximately 45% and already has bookings with deposits for 2024 which represent 33% of this year's business. Additional services include DJs, Combos, String Ensembles, and more.

The Business has been lender-pre-qualified, and a 10% down payment will get you in the door. Additionally, with 20% down the Seller will finance the balance (80%).
By the way, did I mention you can run this business from your home in your pajamas ...?

Property Information

Premises Details:

The Company is run out of the Owner's Home, it does not require any storage facilities.

Business Operation

Expansion Potential:

The Owner is 65 years old and has run out of steam. With fresh blood and fresh ideas this is an ideal platform from which to jump to higher and higher levels of revenue. For example by increasing the amount of music brokerage in different genres of music such as Classical (String Quartet for example), Jazz, Etc.

Competition / Market:

There are 5-6 companies that compete with this Company. Mostly the competition are agencies/brokers that do not handle a dedicated band or bands like this Company so their business models are different. The Company has very aggressive/competitive pricing that allows it to compete favorably in the Live Music Entertainment business.

Reasons for selling:

Retirement.

Trading hours:

Monday-Sunday 8am-2am

Employees:
1 FT
Years established:
27

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

No licenses or special skills are required but Liability Insurance is required by the venues.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$69,800 down/$279,200 over 120 mos. @ 8%.

Furniture / Fixtures value:
$5,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.